Canterra Minerals (CTM.V) has released assay results from its Fall 2025 diamond drill program on its Wilding gold project in Newfoundland. The company completed just under 1,250 meters of drilling in 18 relatively shallow holes on three different targets. Some of the holes were empty, that’s of course to be expected on exploration properties, but other holes successfully intersected gold. As the table below shows, there are numerous holes with a length of 1-4 meters at pretty strong grades close to surface, but hole WL-25-100, which was drilled on the Elm zone, yielded the headline result.
That hole returned 31.5 meters of 10.89 g/t, fueled by a 5.4 meter interval at an average grade of 41 g/t gold. And if you would isolate that 5.4 meter interval, the remaining 26.1 meter intersection would still carry an average grade of 4.66 g/t gold. Did the very high grade 5.4 meter interval boost the grade in the 31.5 meter intercept? Absolutely. Is this ‘smearing’? It doesn’t appear so, as the gold grades in the residual 26.1 meters are still very good at almost 5 g/t.
Hole 101, which was also drilled at Elm, returned 6.6 meters of 8.22 g/t gold starting at a depth of just 14.2 meters downhole. This interval contained a higher grade intersection of 2.15 meters containing 24.74 g/t gold. In this case, the residual 4.45 meters has an average grade of just 0.24 g/t gold which means the higher grade interval carries pretty much all of the gold. There’s nothing wrong with that, as long as the technical team can connect all the dots.
These assay results are of course very encouraging, and this likely means the company will spend more time and effort on the Wilding gold project. Canterra Minerals is planning a follow-up drill program that will consist of a combination of diamond drilling and base of till drilling, focusing on the vein orientation, the continuity of the mineralization and the true width of the gold zones.
Disclosure: The author has no position in Canterra Minerals. Canterra is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
